G R Infraprojects Limited has informed the Exchange about Action(s) initiated or orders passed
GRINFRA · price
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Awaiting price reaction for this filing.
G R Infraprojects has received an order from the Office of the Deputy Commissioner of State Tax, Patna Special, Bihar, alleging non-payment of GST on outward supply of stones (Balu) under the reverse charge mechanism for tax periods 2021-22 and 2022-23. The total demand is about ₹78.69 lakhs, comprising GST of ₹49.46 lakhs, interest of ₹24.28 lakhs, and penalty of ₹4.95 lakhs. The order was passed under Section 73 of the BGST/CGST Act, 2017, and received on 14th August 2025. The company plans to file an appeal or writ before the appellate authority or appropriate court within the prescribed time limit. The company has stated it expects no material impact on its financial, operational, or other activities.
The total demand of around ₹79 lakhs is small relative to the size of the company, and management has indicated no material financial impact. However, investors should track the appeal outcome, as an unfavourable ruling could set a precedent for similar tax treatment of stone supplies in their road construction projects.